Breakthrough in Biotech: Jeito Capital Backs Augustine Therapeutics with €78M Funding Boost

Jeito Capital, a prominent private equity firm, has announced its strategic co-leadership in a significant €77.7 million (USD 84.8 million) Series A financing round for Augustine Therapeutics. This substantial investment will propel the company's groundbreaking research, specifically supporting Phase 2 development of AGT-100216, their lead candidate targeting Charcot-Marie-Tooth disease.
Beyond advancing their primary therapeutic candidate, the funding will enable Augustine Therapeutics to expand its innovative pipeline, with a focused approach on exploring promising treatments in cardio-metabolic and neurodegenerative disease areas. The oversubscribed financing round underscores the strong market confidence in the company's potential to develop transformative medical solutions.
This financial milestone represents a critical step forward for Augustine Therapeutics, positioning them to accelerate research, advance clinical trials, and potentially bring hope to patients suffering from complex neurological and metabolic conditions.